Is Setanta the verge of bankrupcy?

[Zaff101]

Apparently all of David Haye's purse was to come from Setanta PPV revenue.

But I've been reading that Setanta will be bankrupt within two weeks. That probably means David Haye would have not been paid - so he would have lost a lot of money in training costs and other expenses!

Does this possibly explain Haye's "back injury"?

What do you all think? Anybody know more about Setanta's financial woes?

Is Haye saying he'll fight on July 11th just to save face and so he can say Wlad's avoiding him if Wlad fights Chagaev on June 20? And if Wlad reschedules for July 11, Haye will have some satisfactiion because Wlad doesn't make any money on June 20th fight.

If it is rescheduled, I have a feeling Haye will pull out again before July 11, and despite his own misfortunes, Haye will have a big laugh at Wlad's expense.

There may be some truth to this.

However, I don't think Setanta alone was paying Haye's purse.

Let's not forget that it is because of Haye's brashness that this fight is as big as it is. He sold this fight while Wladimir did little else apart from tell the world how he is going to make a 'pizza face' of David Haye over 12 rounds.

The promoters will obviously have recognised this and will have decided to recompense Haye duly.

The America and German TV networks (HBO and RTL), the venue stagers (the stadium where the fight is/was to be held) as well as Setanta will all have had a role in purse money.

Afterall, it is they who are paying money to broadcast the fight and part of that money is spent on the two attractions; the fighters.

[The Hammer]

I don't think you should question his injury without having something more substantial than wild speculation.

Having said that I find such reasoning highly unlikely since Haye's management, if they have done their job properly, would have made some assurance (spelling) or guarantees that the purse will be paid regardless.

It just seems like quite a coincidence...even many UK fans think there may be something fishy going on. Why was it changed from a hand to a back injury? A hand injury can be proven fake or real, a back injury sometimes cannot.

And people need more than 3 weeks to recover from a serious back injury.

If the injury is serious enough to disappoint 60-70,000 fans who bought tickets, hotel reservations, etc., then I would think it's serious enough to require more than 3 weeks to fully heal. What do you think?

[Love Tunney]

It just seems like quite a coincidence...even many UK fans think there may be something fishy going on. Why was it changed from a hand to a back injury? A hand injury can be proven fake or real, a back injury sometimes cannot.

And people need more than 3 weeks to recover from a serious back injury.

If the injury is serious enough to disappoint 60-70,000 fans who bought tickets, hotel reservations, etc., then I would think it's serious enough to require more than 3 weeks to fully heal. What do you think?

You're right Tunney, serious back injuries take a good while to get better.
There has always been something very shady about Haye and his camp.

[LDJB81]

There may be some truth to this.

However, I don't think Setanta alone was paying Haye's purse.

Let's not forget that it is because of Haye's brashness that this fight is as big as it is. He sold this fight while Wladimir did little else apart from tell the world how he is going to make a 'pizza face' of David Haye over 12 rounds.

The promoters will obviously have recognised this and will have decided to recompense Haye duly.

The America and German TV networks (HBO and RTL), the venue stagers (the stadium where the fight is/was to be held) as well as Setanta will all have had a role in purse money.

Afterall, it is they who are paying money to broadcast the fight and part of that money is spent on the two attractions; the fighters.

no apparently Haye to sacrifice the gate receipts and american tv money to get the fight. The only money he is getting is from Setanta who arent exactly cash rich right now.

[BattlingNelson]

It just seems like quite a coincidence...even many UK fans think there may be something fishy going on. Why was it changed from a hand to a back injury? A hand injury can be proven fake or real, a back injury sometimes cannot.

And people need more than 3 weeks to recover from a serious back injury.

If the injury is serious enough to disappoint 60-70,000 fans who bought tickets, hotel reservations, etc., then I would think it's serious enough to require more than 3 weeks to fully heal. What do you think?

I don't know who started the hand rumour, but I doubt it came from Haye's camp.

The 3 weeks postponement puzzles me as well I must admit. It doesn't seem like a whole lot. I mean if it isn't any worse why not fight? Fighters nearly always fight a little injured as the hard training in the build up strains the body. But I have no medical experience so I cannot gauge with any authority wether the injury is plausible or not.

Perhaps it's the opposite that's the case. Perhaps the backinjury is very real and the 3 weeks is the absolute minimum required for the back to function just a little? Maybe team Haye is saying only 3 weeks because if they said 6-8 weeks they would be sure to miss the opportunity and career pay-day?

In any case Team Haye does have to convince Team klit that the injury is legit and I have a hard time believing that Haye would jeopardize the opportunity of a lifetime without a very good reason.

[The Hammer]

The 3 weeks postponement puzzles me as well I must admit. It doesn't seem like a whole lot. I mean if it isn't any worse why not fight? Fighters nearly always fight a little injured as the hard training in the build up strains the body. But I have no medical experience so I cannot gauge with any authority wether the injury is plausible or not.

Perhaps it's the opposite that's the case. Perhaps the backinjury is very real and the 3 weeks is the absolute minimum required for the back to function just a little? Maybe team Haye is saying only 3 weeks because if they said 6-8 weeks they would be sure to miss the opportunity and career pay-day?

In any case Team Haye does have to convince Team klit that the injury is legit and I have a hard time believing that Haye would jeopardize the opportunity of a lifetime without a very good reason.

My physical fitness instructor says it requires much longer than three weeks to recover from a back injury that "became more painful each day for two weeks" as David Haye said today.

it will be interesting to hear what other boxing trainers say about it.

[BattlingNelson]

My physical fitness instructor says it requires much longer than three weeks to recover from a back injury that "became more painful each day for two weeks" as David Haye said today.

He says a person's back is something you don't take any chances with.

it will be interesting to hear what other boxing trainers say about it.

Yeah. That could indicate that the injury is so bad that had it not been for a heavyweightchampionship fight Haye would have pulled out injured aiming to reschedule at a later date. Haye likely wont be at 100% come July.

[The Hammer]

Yeah. That could indicate that the injury is so bad that had it not been for a heavyweightchampionship fight Haye would have pulled out injured aiming to reschedule at a later date. Haye likely wont be at 100% come July.

Or, it could indicate that he made it up, because he wasn't going to be paid for the fight because of the Setanta bankrupcy.

And if that is the case, he'll cancel again before July 11 if it's rescheduled.

[The Gunner]

This has all been blown out of proportion! They were late with a payment to the SPL clubs and they cut back on Premiership games, this doesn't mean they are going out of business. The reason they have cut back on the Premiership is because games like Bolton vs West Brom (no disrespect to either club) were drawing very little viewers, they aint paying for stuff that nobody is gonna watch and the 20 odd games they have now will all involve the big clubs (top 8 or something like that). Regarding the SPL payment, this aint the first time that this has happened and the rumours were the same back then. Setanta will be fine, they are a world wide company who have always done good business.

This going bust stuff is a load of bollox.

PS

The guy from London who is saying he hates Setanta. You're a boxing fan are you ****in nuts?

[MissDeeCole]

steve bunce deserves to lose his job after this past week. let him go hang with KURTLUN LANG